Sotheby’s International Realty Brand Enters the Canary Islands

Sotheby’s International Realty Brand Enters the Canary Islands, Spain

Sotheby’s International Realty Affiliates LLC today announced that Key Properties, an established brokerage firm on the island of Tenerife since 1996, has joined its luxury real estate network and now will do business as Canary Islands Sotheby’s International Realty.

The firm, which is managed by Diego Cano Porqueres, serves the high-end real estate market on
Tenerife and throughout the Canary Islands. The Sotheby’s International Realty®
network already has firms across Spain in Madrid, Costa del Sol, Costa Blanca and the Balearic Islands of
Mallorca and Ibiza.

“Our expansion across Europe continues our commitment to providing access to the Sotheby’s
International Realty network’s exclusive real estate services in key markets around the world,”
said Philip White, president and chief executive officer, Sotheby’s International Realty Affiliates
LLC. “This affiliation, which strengthens our overall presence in Spain, offers us immediate
entrance into the exciting Tenerife market. We are very pleased that our global clientele will
have access to our services in this beautiful Spanish island and beyond.”

According to Porqueres, his firm has adapted to the multicultural market needs of Tenerife over
the course of the last two decades. “I am confident the Sotheby’s International Realty brand will
attract many qualified, international buyers into Tenerife,” he said. “Throughout the years, our
firm has grown by anticipating and successfully adapting to extremely volatile market conditions.
Our clients know that collaborating with our company means a long-lasting establishment of
mutual trust. We have sold some of the most emblematic resorts in the south of the Island. Our
professional team of experienced, international real estate consultants looks forward to helping
our global clients buy extraordinary properties in Tenerife and the Canary Islands.”